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Major Tax Evasion Scheme Uncovered at Port Qasim

28-Jan-2025
The Collectorate of Customs (Exports) at Port Qasim has uncovered a tax and duty evasion scheme valued at Rs825 million, implicating a trading unit within the Export Processing Zone (EPZ). A formal ca...
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Major Tax Evasion Scheme Uncovered at Port Qasim

U.S. Suspends Aid to Pakistan, Halting Key Projects

28-Jan-2025
The United States has suspended aid to Pakistan, leading to the temporary halt of several major projects across various sectors, including governance, energy, education, and health. This action follow...
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U.S. Suspends Aid to Pakistan, Halting Key Projects

FBR Plan to Purchase 1,100 Vehicles Sparks Debate

28-Jan-2025
The federal cabinet has approved the Federal Board of Revenue’s (FBR) plan to acquire 77 more vehicles, bringing the total number of new cars for Grade 17 and 18 officers to 1,100. The acquisition, wh...
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FBR Plan to Purchase 1,100 Vehicles Sparks Debate

IMF Rejects Pakistan Proposal to Lower Industrial Electricity Rates

28-Jan-2025
The International Monetary Fund (IMF) has rejected Pakistan’s suggestion to lower industrial electricity tariffs by Rs2.70 per unit, citing the necessity for comprehensive reforms in the power sector ...
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IMF Rejects Pakistan Proposal to Lower Industrial Electricity Rates

New CEO of TDAP Appointed, Faiz Ahmad Takes the Helm.

28-Jan-2025
The federal government has named Faiz Ahmad, a senior official from Pakistan Customs Service, as the new Chief Executive Officer (CEO) of the Trade Development Authority of Pakistan (TDAP). Ahmad, a B...
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New CEO of TDAP Appointed, Faiz Ahmad Takes the Helm.

FBR Defends Purchase of New Vehicles Amid Senate Criticism, A Step Toward Enhancing Tax Collection.

27-Jan-2025
The Federal Board of Revenue (FBR) recently faced pushback from the Senate Standing Committee on Finance and Revenue over its decision to purchase new vehicles for its officers. Senator Faisal Vawda c...
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FBR Defends Purchase of New Vehicles Amid Senate Criticism, A Step Toward Enhancing Tax Collection.

SBP Governor Discusses Inflation Trends, Economic Outlook, and Policy Adjustments

27-Jan-2025
The State Bank of Pakistan (SBP) Governor shared insights on the recent decision by the Monetary Policy Committee (MPC), noting that the rate reduction was driven by the current inflation outlook and ...
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SBP Governor Discusses Inflation Trends, Economic Outlook, and Policy Adjustments

Bold Move to Slash Electricity Rates: Big Relief for Consumers & Industries

27-Jan-2025
Prime Minister Shehbaz Sharif has ordered the Power Division to slash electricity tariffs by Rs 7 per unit across the board, including for industrial consumers, following talks with the International ...
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Bold Move to Slash Electricity Rates: Big Relief for Consumers & Industries

Pakistan to Revise Rooftop Solar Buyback Policy for Fairer Energy Distribution

27-Jan-2025
The government is set to revise the current rooftop solar buyback tariff, moving from the net-metering system to a gross-metering framework. This shift comes after the existing policy reportedly place...
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Pakistan to Revise Rooftop Solar Buyback Policy for Fairer Energy Distribution

Pakistan Path to Economic Growth, Investment, Stability, and Reforms Needed

27-Jan-2025
Pakistan needs to streamline its regulations and enhance economic predictability to boost investment and accelerate growth, according to a senior World Bank official, Martin Raiser, as reported by Blo...
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Pakistan Path to Economic Growth, Investment, Stability, and Reforms Needed
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